4587 Federal Boulevard Unit 4591, Denver, CO 80211

$1,950,000
List Price
$1,950,000
Type
Multifamily
Status
PENDING
MLS Number
9790378
Total Sqft
8758
Year Built
1981

Property Description

OPPORTUNITY: Significantly raise rents with minimal CapEx and be fully stabilized by fall 2021. Budget $7k per unit as tenants turn to get $1600/month per unit. Leases begin to expire 2/28/21 and the last lease expires 7/31/21. Additional income opportunity of approx. $800/month by leasing unfinished basement as sectioned storage lockers. LOCATION: Location, location, location! These tenants enjoy all that is offered in Highlands, Sunnyside and Berkeley. Everything from historic restaurants like Gaetano’s to all the new and trendy destinations (too many to list). A short bike ride gets you to Tennyson Street where you can spend the day in a wide variety of bars, restaurants, boutiques, specialty grocery or get some rest in a spa, salon or yoga studio. This location is perfect anyone who loves the urban lifestyle. Just two blocks away is Rocky Mountain Lake Park and Regis University. Quick access to I-70 puts you in Downtown Denver to the east or Golden to the west in just 10 minutes. PROPERTY: Parking is never an issue with three spaces per unit. All units have an eat-in kitchen and in-unit washer/dryer hook ups. These units are more spacious than most of the rent comparables in the area. Always professionally managed. New parking lot sealant. Newer roof. Little to no deferred maintenance.

Additional Information

Parking Features
Asphalt
Style
Traditional, LowRise
Zoned
U-SU-C1
Lot Size
23,000
Acres
0.53
Contstruction
Brick
Taxes
$12,545
Tax Year
2019

Courtesy of Atlas Real Estate Group

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